September 28, 1981 (Monday)
- After stock analyst Joseph Granville had predicted over the weekend that a "Blue Monday" would see stock prices fall, record sell-offs took place. In Tokyo, where the markets opened first, the Nikkei 225 fell 302.84 points, the largest single-day drop on record, and when the London Stock Exchange opened, the FTSE Index dropped a record 29.4 points. Less drastic declines happened in Sydney, Singapore, Hong Kong, Frankfurt, Zurich and Paris. Stock prices fell initially in New York and Toronto, but rallied later in the day. Tokyo and London made strong recoveries the next day.
- Died: Rómulo Betancourt, 73, former President of Venezuela
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Famous quotes containing the word september:
“This seems a long while ago, and yet it happened since Milton wrote his Paradise Lost. But its antiquity is not the less great for that, for we do not regulate our historical time by the English standard, nor did the English by the Roman, nor the Roman by the Greek.... From this September afternoon, and from between these now cultivated shores, those times seemed more remote than the dark ages.”
—Henry David Thoreau (1817–1862)